Reliance Industries Ltd. plans to list Reliance Jio Financial Services Ltd. shares to unlock shareholder value.

Chairman Mukesh Ambani believes Jio Financial Services is uniquely positioned to capture growth opportunities in the financial services sector and transform digital finance in India.

Reliance’s annual general meeting will likely reveal Jio Financial Services’ IPO date.

Jio Financial Services and its subsidiaries will use Reliance’s technology to digitally supply financial services, democratizing financial services for Indians.